Bitcoin has fallen to a fresh 2018 trading-low this morning, as sellers finally pushed price below the key February 2nd trading-low, at $5,848.
The broader-cryptocurrency market is also coming under further selling pressure on Friday, with BTCUSD so far finding intraday support from the just above $5,700 level.
Sellers will likely target the $5,600 level, while BTCUSD buyers will need to move price back above $5,848 to relieve selling pressures.
The BTCUSD pair is strongly bearish while trading below the $5,848 level, key technical support is now located at the $5,600 and $5,220 levels.
If the BTCUSD pair moves above the $5,848 level, price may correct back towards the $5,951 and $6,058 resistance levels.